Rising federal debt under current policy is on an unsustainable path (CBO projections imply an inconsistency that 'can't stand'), so either policy must be corrected or the inconsistency resolves through disaster scenarios such as hyperinflation or U.S. default; the lack of any articulated correction strategy is itself a major source of uncertainty depressing investment.

forecastpending

Speaker

John Taylor

Evidence Quote

it's the implicit their current policy so either current policy has to change or there's some other kind of a disaster

Source

John Taylor on the State of the Economy 07/19/2010EconTalk
Created: 6/15/2026, 9:17:28 AM

My Notes

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